PPG Industries (NYSE:PPG) Releases Earnings Results, Misses Expectations By $0.02 EPS

PPG Industries (NYSE:PPG) released its quarterly earnings data on Tuesday. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02), FiscalAI reports. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business posted $2.22 earnings per share. PPG Industries’s revenue for the quarter was up 7.2% on a year-over-year basis. PPG Industries updated its FY 2026 guidance to 7.700-8.100 EPS.

PPG Industries Stock Down 6.4%

NYSE:PPG opened at $111.43 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average is $116.43 and its two-hundred day moving average is $113.55. PPG Industries has a 52 week low of $93.39 and a 52 week high of $133.43. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.05.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.7%. PPG Industries’s dividend payout ratio is presently 40.51%.

Institutional Investors Weigh In On PPG Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its stake in PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 339 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares in the last quarter. Empowered Funds LLC increased its stake in PPG Industries by 6.1% during the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after buying an additional 1,526 shares during the period. Woodline Partners LP increased its stake in PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after buying an additional 5,667 shares during the period. Finally, Cresset Asset Management LLC lifted its holdings in PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

PPG has been the subject of several analyst reports. Bank of America raised shares of PPG Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $127.00 to $134.00 in a research note on Friday, July 17th. JPMorgan Chase & Co. reduced their price target on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Citigroup upped their price objective on PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Royal Bank Of Canada increased their price objective on PPG Industries from $119.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Finally, Mizuho lifted their target price on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.13.

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.